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congress, including the deal on the bush tax cuts that were made at year end. $2.4 trillion of deficit reduction over the next ten years. and all also agree that $is.8is- that $1.8 trillion was gutting expenses and a little more than $600 billion of this was revenues achieved through the year-end bush tax cut deal. so everwhelmingly what has been done thus far has been in spending cuts rather than new revenues. it is very important for us to know that. it is very important for folks to realize that democrats are willing to make are hard calls about spending. we've done it already. but the question before this body and the question before the house now is going forward, what do we do to achieve additional deficit reduction that's consistent with having a growing economy? and the approaches of the senate and the house on this could not be more different. the house approach basically says that all additional deficit reduction should be achieved by cutting spending. by looking at one side of the balance sheet. i do not know of a business, i do not know of a family, i do not know of other u
of the cuts into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we h
into the city's general fund. so, it is a very difficult threshold because generally because property taxes are single largest revenue source even in the worst years in this past recession, our property tax, the worst it was, it was a little bit over flat, just a little bit of an increase, less than 1%, but because property taxes is our largest revenue, it's infrequent that our revenues in one year would be less than the actual amount received in the prior year. the budget may drop to 50% of what's left in the rainy day reserve but no more than the shortfall of general day revenue and additional withdrawal allowance to up to 25% of the reserve is -- can be done by the san francisco unified school district and it's based on an inflation adjusted per pupil revenue, so as ms. howard said earlier, we're not sure, we're assuming the school district will be able to draw from the rainy day reserve but they're getting a bump from the reserve from the state, but this particular formula is quite generous, and therefore, it's likely that they will still not be up to the level that's required by formul
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
, our chair says that this is a pro-growth, pro-middle-class budget. i say it's pro-tax, pro-spend, pro-debt budget. it's a budget of deep disappointment. it's a budget that comes nowhere near doing the things necessary to put america on a sound path. it's a budget that does indeed reflect the stark differences between our parties. it's rather remarkable to me the extent to which our majority party in the united states senate has no interest in producing a budget that actually balances and actually puts america on the right path. they say they care about growth, and i know they do. i know they would like to see the economy grow more and more jobs be created because we have had the slowest recovery during this recession since any time after the world war ii, at least. very, very slow. but we have done something to a degree we have never done before, and that is borrow and spend to stimulate the economy. and someone has compared borrowing and spending to stimulate the economy to the idea of someone taking a bucket, scooping up water in one end of the swimming pool and pouring it into the
and a member of the ways and means tax writing committee. if you would, starts by bringing us up-to-date on where the house is when it comes to the continuing resolution and the 2014 budget. guest: the continuing resolution which funds the government was passed out of the house a couple of weeks ago. the senate has been dealing with that. they passed it last evening. it is back in the house, and we will likely pass that today, which is good news because one of the things that we included was the spending reduction, the appropriate spending reduction so we can try to get this economy back on track. excitingt is an activity that is been on the house floor these past two days. we will likely pass that out of the house of representatives today. this is a budget by paul ryan that will allow us to get to balance. that means the government will stop sending more money than it takes in by the end of the decade, which is really exciting. what that allows us to do is to get the economy rolling, jobs being created and provide more certainty so young people coming out of college know there i
for medicare. or else i lose my provider, and i think that's a tax they are putting on people with -- bilities and trying to got to pay on their disability. and those with legionnaires disease or h.i.v., dirty needles. host: ray, atlanta, georgia, republican party. good morning. caller: good morning. very interesting conversation you're having this morning. i have found that most people pend a fairer amount of time planning for their vacation than for their retirement. i work with a fortune 10 company and have been with them for 28 years so at the water cooler hearing different conversations if you ask people how much money they have in their 401-k, a lot of them have no idea nor do they have any idea on the different plans to put their money in. it's rather appalling, actually. host: ray, how old are you? caller: 52. host: when do you plan to retire? caller: i'm going to work until i'm 62-63 years old. something about public america, i have a -- family members with retirement pensions about $65,000. being in corporate america my pension is nowhere near that, so if we don't save in our 401-k t
were struggling under he harsh new austerity measures, the ryan plan would cut tax billers in most fortunate. last year the joint economic committee estimates that ryan's tax plan would lower taxes for millionaires by about $300,000 while raising taxes for individual taxpayers earning between $30,000 and $100,000 by over $4,000. how fair is that? at a time when income inequality is widely viewed as a very serious problem in our country, the ryan plan would make it worse. the gap between the haves and the have-nots would grow larger under the ryan plan. the ryan plan would ask tens of millions to bear additional burdens, pay additional taxes, face additional hardships. while it cut taxes for the fortunate few and preserved loopholes for big oil and spent an additional half million dollars on the military over the next 10 years. and at the end of a decade of paying -- of painful cuts, according to the nonpartisan tax policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recou
of republicans that i grew up with, the conservative business, low-tax republicans, and it is a natural generational fight, and i agree, i hope they continue to battle it out until after we get a woman in the white house and do some other things. then you all come back from the dead in 2050. [laughter] when the mayans predicted the world would end in 2012, they were talking about republicans. [laughter] i see the democratic party, we have enormous challenges as well. i do not like the fact that my native south has a lot of republican governors. i like to make sure that the party is competitive in the south as all as in the northeast and the western part of the country. for that to happen, we have to make sure that we can articulate that vision the people in the south want us to have in terms of our role about government, but also the kind of country we want to be. right now i feel a lot better about the democratic party than i did four or five years ago, because it is a stronger party. >> the notion we have to spend money organizing or we did not do well because of technology, that is m
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson. director of the pediatric division at john hopkins university. and with us this hour, cnbc contributors keith boykin. as always, dr. carson, great to see you. i'm reading one of many articles that you're retiring in 100 days. i wonder if you would share future plans, especially public service. >> i have a lot of things on my agenda. i've got ten international trips. a multitude of speaking engagements around this country. we're working very hard with the college fund. we're in all 50 states. we're putting in reading rooms all around the country. particular particularly targeting title one schools. >> as you know, senator carl levin is retiring. any interest in that open senate seat? >> people keep trying to put me into politics. i don't believe i fit the mold. i don't believe in political correctness, and i certainly don't believe with getting into bed with special interest groups. i just don't believe i'd fit. >> how a
.s. senate this morning approves a budget proposal that calls for almost a trillion dollars in tax hikes. and that's the very latest. hello, everyone, i'm jamie colby, and this is a brand new hour inside america's news headquarters. >> i'm gregg jarrett, glad you're with us. this nonbinding plan was approved just before dawn this morning after nearly 13 hours of nonstop voting. >> yeas are 53, nays are 46. the amendment is adopted and now there are -- there are adoptions that concur resolution is met. >> it's the first senate budget proposals in four long years and basis for future negotiations between congress and the white house. elizabeth prann is in our d.c. bureau with more. >> reporter: it may have taken almost all night for the first time passing. and a plan raising nearly a trillion dollars in new taxes and the government would still be in a deficit ten years from now. senator patty murray, however, argues it creates jobs and economic growth for the democrats, the vote is a big accomplishment. >> first of all, over the last two decades the average budget resolution considered 78
, and opportunity. they are clinging to the status quo. more taxing, more spending, more borrowing. we owe the american people a responsible, balanced budget. that's what we are delivering today. and i urge support of this resolution. >> well, paul ryan's pitch worked. 221 house republicans backed his plan that seeks to slash almost $5 trillion in spending and balance the budget in ten years. senate democrats promptly voted the ryan plan down last night. with me now michigan democratic congressman sander levin the top dm on the ways and means committee. i know you've spoken out forcefully against the ryan budget. let me ask you this. where do we go? republican controlled house, democratic controlled senate. obviously the senate made very clear the ryan plan was not their vision for the future of budgeting in this country. where do we go? how do we resolve these differences on where to spend money and why? >> it is going to be very difficult. the republican conference has really become radicalized. i was reading a clip from politico a few days ago that had republicans in georgia saying they
-increases debt, raises taxes and never balances. the top republican for budgetary issues blasted the democratic plan. >> now we know why senator reid did not want to bring up a budget. the plan from the democratic leadership is a failed plan for america. it does not alter the debt course of america, has no growth component to it. it spends more and taxes more. reporter: but these budget resolutions only require a simple majority so there are enough democrats to pass the democrats' budget resolution without republican votes needed. and so there you have republicans in the senate, all they can do is bash the plan. they cannot actually stop it. the house republicans are passing the paul ryan plan, and so then they'll go to conference and that where the heavy lifting will begin. >> shepard: the paul ripe plan has zero chance. >> it will pass the house and then they'll try to iron it out between the two plans. the paul ryan plan on its own would not be signed by president obama, would not pass the senate, burt it will pass the house. >> shepard: mike, thank you. meantime, something about our econo
of the newest senators go on the record voting for or against spending or higher taxes. the budget would be nonbinding so would act as guidelines for the u.s. government. but at the heart of the debate, how do you reduce the government's massive budget debt, and changes in taxes and spending. today the top democrat and the republican had their say. >> both sighs favor closing took loopholes that favor the wealthiest americans, and the senate thinks shouldsome revenue should be idea to tackle the deficit and invest in the middle class, not just simply cut tax rates for the rich. >> usually you can tax more and spend more and borrow more and that will somehow create growth and prosperity. i believe we have had four years of that experiment, which i fundamentally doubted and opposed from the beginning. and it hasn't worked. >> shepard: regardless of whether it's worked or hasn't, the insiders say the democratic budget will likely pass. mike emanuel is in washington. how has the vote been going and what's it like in there so far? reporter: we expect starting any moment they'll vote on a seri
hear how much the $338 million jackpot breaks down after they pay taxes. "fox & friends" starts now. >>steve: welcome back to the studio. look who's back after a long vacation. >>gretchen: i knew that rooster called this morning. >>brian: is that how you got up? >>gretchen: i didn't sleep that much. i'm on a three-hour time delay. but glad to be back. nice to come back to a snowstorm on the east coast. >>brian: did you get my promo this morning? >>gretchen: i saw your lips moving and if i was reading lips correctly, i thought i heard you say? >>brian: gretchen carlson will debut her entire vacation picture by picture day by day. >>gretchen: i believe 7:30 eastern time i brought one picture. i needed marlon perkins on vacation. that's the clue. >>steve: he's unavailable. >>gretchen: i was pulling a brian for a moment. he always refers he needs marlon perkins and then we have to tell him he's no longer with us. it has to do with an animal that was very dangerous. stay tuned. great to be back. in the meantime let's get to your headlines. a last-minute deal to bail out cyprus. in exchan
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the
now that they are working on does nothing more than raise taxes. they want more of your money, more money out of your paycheck. ask yourself does washington really need more of your money? we are $16 trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actuall
trade that stuff and make money off of it if you buy enough quantity. it is triple tax-free. anything related to california, municipalities, people are buying them. they are buying them at discount and they are trading them. they are clipping the coupons. do they hold them until maturity? maybe not. here is one more, yankee stadium that that was issued to basically build the garage, again, buying with pennies on the dollar. you do not necessarily hold it until maturity. this is a trade. trade detail risk. big risk here. you can make some money. >> i will follow your advice and not go into this market. california, basketcase when it comes to taxes. it seems too low if they are trading at pennies on the dollar. charlie: it is the real distress stuff like this west virginia tobacco bonds. why aren't the tobacco bonds distressed? when you raise taxes, people will not smoke. they will not pay the taxes. as a trade, you can make some money. jon corzine rolled the dice with short term, i it was italian bonds and spanish bonds. his dad turned out money good. people lost confidence in his abil
think we need to regulate, tax and legalize marijuana so the -- that's a huge reason, that's a -- i hi we immediate to -- legalize it, tax it, regulate it. >> this idea about useful but overused. i want to explore that idea. because i think that's been the -- that's sort of the line for a lot of people, christine quinn, said that before. previous communications. called it a useful tactic. should we just ban the tactic? should people not get stopped and frisked? >> i disagree. it is -- policing tactic that's been wildly overused. obviously in many cases using it in unconstitutional manner. look, now you need the reform, the approach, and we need a new police commissioner. this is the difference i have certainly with christine quinn who wants to keep ray kelly, ray kelly has been the architect of the overuse and stop and frisk. we need inspector general. when we have had in new york city, think about magnitude here. hundreds of thousands of more stops a year. there was never a vote on that. never a public debate. >> comes back to, again, the need for a new mayor. and a mayor who understa
't know what to do with fat to get paid taxes, fall also walls but they are not able to take part in the things of the alexandria citizen was about to take part in. this is part of a program that the young local attorney had been working on for some time. >> he was a native of alexandria? wanting to be a lawyer for two reasons, one, there was a lawyer you're in town, thomas watson, who rented space from his father, and he became fascinated with what the lawyer did. the letter he took a trip on with his brother to d.c. and they were coming back and ask to move from the seats once the streetcar brought in alexandria by a patient that was there and they refused to that i believe there was tucker's brother all those that refuse to move from his seat and when they got off the street cars the woman filed that and so i sat down a policeman to have the young, old and a rusted and luckily the charge was confirmed out because the boys were really scared the charges would not be thrown out, but the judge felt like they hadn't created in the disturbance and they were not trying to do anything
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
spent it all. >> jesse: only 30 million. >> clayton: and now talk about what the taxes look on all of this. can i play the opposite side. you win million, 25% of that lump tum gone to the federal government and 84 information gone to, 0 gone to the federal governme government. >> alisyn: and then new jersey has a high state tax as you can see, 10.8%, so 36 1/2 million will go to new jersey, i know you're thinking, can i move today to texas? and i know you shall the winner are listening and kudos for your ingenuity. yes, you might be able to move to a state with no state tax, but new jersey might still take it. >> jesse: and if chris christie has its way, going to get more of your dough because i think the 7.8 to 9.8, good luck. >> clayton: hallelujah. still taking home 216 million dollars. that's what he would get it end. >> jesse: what would you do with that kind of dough. >> alisyn: let's talk about that. >> clayton: i don't know. >> jesse: would you buy me a boat. >> clayton: i would buy you a boat first. i don't know helping starving children i would help jesse get a boat. >> j
tax that helps bankroll the law. stuart varney, anchor of "varney & company" on the fox who upwards 40 million people will be paying a whole lot more for their individual coverage after obamacare takes full effect next year. in some cases, the premiums that we will pay will double. remember this is a 17,000 page list of rules for obamacare. it takes full effect next year, january the 1st, and already you can see a great deal of dissent on how to pay for it and what it's actually going to cost and there is real, real concern here, that it won't be implemented properly on time. heather: yeah. all those exchanges. 33 different states, not forming them on their own. >> that's right. heather: thanks so much, stu. we appreciate it. we'll talk a little bit more about it with our political panel later. bill: what do you do with this now? you were counting on this revenue to pay for other aspects of the law. where do you find the money. heather: there are 20 new taxes included to pay for it. bill: we're just getting started. chinese former nasa contractor under suspicion of stealing u.s. secret
as democrats went on record favoring almost $1 trillion in tax increases. little talk about that a later on in the program. for the first 45 minutes of this edition of the washington journal, we are going to be talking about the affordable care act. thirdebrates its anniversary today. it is known as obamacare. we want to find out your thoughts about the affordable care act three years and. here are the numbers, if you want to give us a call -- reach out to also us by social media. you can follow us on twitter, we you canacebook, and send us an e-mail. the address is journal@c- span.org. thatis one of the items came from yesterday's express, the washington post express. the headline -- want to show you and let you listen in to what the president had to say the signing of the affordable care act three years ago, and then we will get to your calls. [video clip] >> it was your work, your commitment come a your unyielding hope that made the surgery possible. when special interests deployed an army of lobbyists, negative ads to preserve the status quo, you did not give up. you hit the phones a
there is a dying breed of republicans that i grew up with, the conservative business, low-tax and it is a natural fight, and i agree, i hope they continue to battle it out until after we get a woman in the white house and do some other things. then you all come back from the dead in 2050. sometime around that period of time. when the maya predicted the world would end in 2012, they were talking about republicans. [laughter] i see the democratic party, we have enormous challenges as well. i do not like the fact that my native south has a lot of republican governors. i like to make sure that the party is competitive in the south as all as in the northeast and the western part of the country. for that to happen, we have to make sure that we can articulate that vision the people in the south want us to have in terms of our role about government, but also the kind of country we want to be. right now i feel a lot better about the democratic party than i did four or five years ago, because it is a stronger party. >> the notion we have to spend money organizing or we did not do well because of technology
earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two dozen sounds of the 20th century being added to the national recording registry. they are forever being recorded for cultural importance. that's your five at five. >> great stuff. president obama just arrivin
to raise the road use tax because we don't have enough to build our roads. now road use tax, that really should cause a person to think. that is a user's fee. we pay it in the gas that we buy, and we expect that when that nozzle goes into our tank and when we squeeze the nozzle to buy the gas we watch the dollars and they go up really fast when you see gas that's over four bucks a gallon, we watch those dollars go up on the pump. we also realize between the state and federal government a lot of us are paying 40-plus cents a gallon to build the road that we're wearing out with the gas we put in. that's a user's fee. when i came here and break this down and asked the question, of tax/user rth of gas fee, 18.3 cents a gallon, $1 of that, how much of that actually goes into roads and bridges? and i'll tell you it adds up like this -- then we reduce it a little bit on this number. three cents out of that dollar went for trails for bike trails, snowmobile trails and that sort of thing. 3%. there was a one time $16 million in one of our appropriation bills to do -- to clean graffiti off of the
. thank god. >> irs. >> jesus loves tax collectors. that is why he accepted the hospitality of tax collectors. they called them publicans. >> if only the border patrol were as feared and effective. >> hispanic america. >> winnable. >> democrats, and gracias. >> chinese cyber attacks. >> democrats, and gracias. >> chinese cyber attacks. >> how can people be so stupid and not know why there are 6000 dead pigs floating through their river? how does that work? >> i would say more threatening than anything happening in the middle east. sorry. >> putin. >> evil, yet hilarious. [laughter] >> bush called him pooty poot. which is embarrassing. he is evil, but -- you have not seen the pictures. >> nra. >> does not represent most gun owners like me who are for president's obama's gun regulations. you have to deal with the reality. >> the only organization working to protect the constitutional right that "the new york times" hates. >> sequester. >> y2k of politics. it came and went, and no one noticed. >> it hasn't gone, and it is so incredibly dumb and it will hurt this country. a totally sel
much. bill: a related story in california we were watching yesterday. retroactive taxes that go back five years? how can you do that? martha: find incredibly creative ways to tap into people's wallets. bill: the governor of california has to make a decision. watch that on the desk of jerry brown. we're just getting rolling. there is a new battle over the health care law. some changes states are fighting to put in place. you can imagine the amount of confusion. we'll explain that to you. >> nice work if you get it. there is new government job out there one agency is creating. pays six figures a year. might check it out despite the punishing budge jubt cuts we're hearing about. bill: benghazi six months later. the six simple questions one lawmaker that the believes the administration is dodging. >> the fact we have four dead americans. was it a protest or guys out for a walk decided they would go kill some americans. what difference at this point does it make? usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for
, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the department of defense, and we have done it numerous options on how to deal with the sequester. the department of defense has been hours with the sequester. it has certainly affected the tempo of our work. i think it is going to severely affect defense workers morale in a lot of ways. this is really ridiculous. both senatorsto from june -- virginia. unless they fix this things, i am not going to vote for them. atm looking very closely how my congressman is handling the situation. anything to doing fix it, i will try and vote him out, also. the congressmen are doing themselves a disservice. host: what is actually happening? you laid out a lot of discussions taking place at your workplace and terms of various scenarios, how things can be handled. a few, what is happening? caller: i am in education, and we have civilians students and military in the same classes. of t
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to tax private bank accounts up to 10%. and now citizens in cyprus are in panic mode rushing to a.t.m.'s. there's a run on banks there as people try to clean out their savings before the tax hits them. >>ainsley: this is to help bail out the cash-strapped country. something like this, could it happen in america? we're asking our guest stuart varney. good morning. >> theoretically, yes, it could happen here. if congress passes a law which taxes wealth -- that is a bank deposit -- yes, it could happen here. in practice, it will not happen here. >>ainsley: it will be a riot. >> plus america can print its own money. you can print dollars to get out of trouble if you're in extreme situations. cyprus uses the euro, somebody else's currency. >>brian: the problem is this is the deal they cut in order to survive. the e.u. gave them this money and said this is some of the austerity things you must do. >> cyprus is bankrupt. it needed an extra $13 billion to keep going. the europeans said we'll give you the money, but you've got to give some of it back from the deposits of everybody in the c
, edith winsler would not have had to pay the $600,000 in estate taxes she had to pay when her partner died. that's what we're talking about. that's the kind of equality, but regardless of what the court decides, edith and thea are still going to love each other and still going to be a couple. >> the thing is that edith and thea don't want separate but equal treatment under the law when it comes to civil unions or marriage and that's what the whole thing is about. >> it's not separate and equal. that's the whole conversation. >> absolutely. >> there's more than 1,000 laws that are separating, you know, same-sex couples heterosexual couples who are in the same comparable relationship, more than 1,000 laws. essentially i pay more taxes for no other reason than my sexual orientation, no other reason how i was born. so it's not even separate but equal. it's separate but unequal. >> and while the entire nation is watching, it millions may be directly affected by the decision of nine people in washington. you'll hear from one of those couples next. stash tissues like a squirrel stashes nuts,
. granting huge tax breaks, that has to be made up somewhere. the ryan budget repeals the affordable care act except they keep the projected savings in their budget projections. the $716 billion that we heard so much about in the election last year, paul ryan keeps the savings that obamacare would generate, but eliminates the benefits. the revenues that come from some of the taxes on medical devices and other things, they keep the revenue that comes from the affordable care act, but they want to cut the benefits. so thouis is really about an ideology. the wealthiest americans have essentially captured the republican caucus. and what we see in the ryan budgity or in anything that has to do with the affordable care act, anything that has to do with the smart investments that we know we need to get the economy growing again, those are off the table. big tax cuts for the wealthiest americans that has to be made up by somebody and we know who that somebody is. >> thank you for coming in. there is no huge surprise that the ryan budget overwhelmingly passed in the house or that it failed in in the s
are considering never balancing. that means more debt, fewer jobs, and, frankly, much higher taxes." meanwhile, democrats criticized the bill's lack of funding to healthcare programs. "one of the core elements of the ryan budget plan that gives us real partisan concern is that it doesn't keep our promises to our seniors, to our veterans, to our most vulernable population." the budget has no chance of passing the senate. lawmakers leave capitol hill for a two week recess after today. is this a countdown to bankruptcy? the little island of cyprus, already on financial life support, its banks all closed this week, desperately needs a bail-out. so how do depositors get their money out? line up at the atm and hope it doesn't run out out of cash. the european central bank says if the country cannot reach a bailout deal by monday, then cyprus' banks would be cut off from any more emergency funds. the parliament of cyprus is working on a bill to restructure the country's banking system and allow its 2nd largest bank to open next tuesday. it's a busy season to go public. on thursday aviv priced in at t
a tax break from 39 to 25, that's a $200,000 tax break for the rich. >> bill: yes, that's right. it lowers it even beyond where george bush had lowered it yes. >> and a $5 trillion hole in the budget too they say when this is all done. >> bill: yeah but he makes up for that by getting rid of obamacare and medicare. >> caller: right it's $200,000 tax cut. >> bill: exactly. but russell it is a total sham and they know that and who are they kidding right? >> well, we got rid of our nut cases our last election in illinois. and they vow to get rid of kurt and this tea party guy from down state in the next election. illinois has had enough of the republicans. >> bill: well, i will hope that -- pardon me -- that that would be true with a lot of these tea party people, because that's who is driving the train here in the united states congress. russell good to hear from you. out in las vegas, nevada. lee joining us. hey, lee, good morning. >> caller: good morning, bill. how many times, bill are we going to hear about this -- i call him eddie munster budget? it's so pathe
-partisan and bipartisan. someone who is non-partisan says higher taxes no taxes, no big deal. amnesty, deportation, whatever. but i think it's not about people abandoning their principles but finding common ground with people, even if they can't agree on everything, finding some things on which to agree. >> i was just a house member. >> president clickman. >> if anybody else would like a promotionless us know. we have another half an hour. >> members of congress as congressman talks about get elected to represent a district. we could have a long conversation about redistricting and about how in most states in this country if you are elected in a seat that is overwhelmingly a democrat or republican you are never going to lose that seat unless you compromise with somebody on the other side. but two people get elected by everybody in the united states. it seems to be i know this is something you've thought about given your time in the president. a president of the united states has a unique role to reach out to both sides in congress. without getting into a current events debate, i think we can agree
as two tax surcharges that would go funding the new stadium. while santa clara's mayer says the money will be made back from private donors and filing that as spilling hotels, some committee members said they're still not happy with the city's decision. >> santa clara is competing with miami for the 2006 superbowl. --2016 superbowl. miami however chose not to give in to these requests made by the nfl. santa clara mayor belize this move as a city in prime position to get the big game. the nfl is not suspected--x spec to make their decision on the location until late may. >> site mary's had advanced in the first round of the ncaa tournament. the gaels beat middle tennessee state 67-54. the m > welcome back. the time is 4:10. >> the man suspected of killing five people inside his san francisco appeared in court yesterday. bin thai luc and be a non native pleaded not guilty to five counts of murder plus
an amendment the medicalveal device tax in the 2010 health care law. again, the debate is underway. we caught up with a capitol hill reporter for inside information on the budget proposals in the house and senate. among the amendments they have debated and .ost: let's talk about the cr guest: congress is saying at least for today we avoided a showdown. the senate has passed it, the house passed it yesterday, and what it does is continue what we have seen from government funding. this is the era that we live in. rds that disagree on the way spending and taxes should go -- parties that disagree on the way spending and taxes should go. it keeps the sequester in place , although it does gives -- give .ome flexibility basically, it keeps in place what we thought we already had, which is a working government, sequester, and the ongoing pay freeze for federal workers. host: is the sequester here to i am starting to think that it has to be. twos harder to see how the sides reach an agreement when the democrats say let's replace half of it with taxes and republicans do not want that. i do not think de
investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. great first gig! let's go! party! awwwww... arigato! we are outta here! party...... finding you the perfect place, every step of the way. hotels.com >>> good morning, atlanta. doesn't look like it yet, though. see a live shot of downtown atlanta there. very soggy downtown. heavy thunder and lightning overnight. and take a look at the radar. that's why. heavy storms move in across the southeast today. everybody kind of hunkered down there. not only trying to get you ready for the day ahead with weather but let's talk about the week ahead from outer space to cool new cars. time to get you ready. let's talk about tuesday first of all. dragon capsules splash down in the pacific ocean. filled with t
. moving us away from mistakes of the past and protected inlet and tax payers in the process. with this in mind, i look forward to hearing the testimony of mr. demarco. thank you. >> we now welcome mr. demarco is her sole witness in 2009 president obama designated mr. demarco as acting director of the finance agency, regulator fannie mae, freddie mac and the 12 federal thanks. mr. demarco is a civil servant with over 20 years of housing how was the experience, including stints at gao, treasury and au fait o. he holds both a ba and a phd in economics. without objection, mr. demarco's full written statement will be made part of the record after his oral remarks. members are advised that mr. demarco will be excused as her witness at 12:30 today. welcome to our committee again. you are recognized for a summary of your testimony at this time. >> thank you, mr. chairman. chairman has to latecomer it could number waters, and please to be here to testify. i submitted a detailed statement of work to engage in activist is the two essays on important topics discussed. fannie mae and fre
.7 trillion budget almost completely along party lines. it raises taxes for the wealthiest americans and cuts spending by $875 billion. but it is so different from the drastic cuts recently passed by the house, that few if any expect the budgets to be reconciled and instead congress is expecting another fiscal battle in july when president obama will likely ask for increased borrowing power. president obama has returned to washington tonight after his trip to the middle east. the president took a break from diplomacy for the final leg of the trip touring the ancient city ever petra in jordan of the petra was built more than 2,000 years ago, carved out of stone between massive delivers. mr. obama called the scene royry spectacular." >> activists in san francisco gave training on how to protest against the keystone xl pipeline during president obama's upcoming visit. a few dozen gathered at federal building to take part in the training and if approved bit obama administration that pipeline could carry oil from alberta, to refineries on west coast. >> the struggle over california's mental heal
will be determined today. 40 percent of people's money could be taxed. it's interesting. this is like a tax the rich kind of thing going on there. >> all of the russian have their money parkd in cyprus. they had an opportunity to save cyprus, not so productive there. if you have less than 130,000 dollars in that bank it is okay. it is safe and it goes to the biggest bank in cyprus the bank of cyprus. >> the good news it won't hurt or markets. >> cyprus isn't out of the woods just yet. moody agency warning it is still at risk of default and it can exit the euro. that could see the euro zone through out the entire content. they will have painful consequences for cyprus. the gdp will be negative for quite sometime. right now there is how much money can be taken out of the atm 100 euros a day. there's panic over there. >> stars are going through and we don't want to have it here. >> it is time to take a look at who is talking this morning we are looking at the continuing national debate on guns. new york city mayor on michael bloomberg announcing a $12 million ad campaign for mayors against guns. in at
of dollars in exchange for santa clara to host the super bowl. as a are the measure, hotel taxes to of those up with the nfl will be waived as well 2000 as to tax surcharges that would go in and funding to in new stadium. santa clara is competing with miami for the 2016 super bowl. miami however chose not to given to the request made by the nfl. santa clara's mayor believes as moves as the city and a prime position to get the big game. the nfl is not expected to make their decision on the location until late may. 7:36 a.m. and we will take a break. a live look at the james lick freeway, try the backing up a little bit on southbound 1 01. overall, not too bad. we will be right back. [ malema announcer ] whewn it comes to the finannacial obstacles milmitary families face, we understand. our oufinancnaial advice is ge gared specifically to cuo rrent enand former mily me mbers and their familie lifle brings obstacles. usaa bra ings retirement advi. that's my late night munchie meal. comes with one of four awesome new entrées. i got an exploding cheesy chicken sandwich! i got a stacked grilled c
. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> this morning my question. what are 30,000 students in chicago supposed to do now? plus, obama care three years later. and the secretly recorded nypd stop and frisk bombshell. but first, this is not a test. we are experiencing a serious uterus emergency. ♪ good morning. i'm melissa harris-perry. ladies, it is time to gird your loins again. remember that hibt that we dropped to the national republican lawmakers on election day, the one that responded to their attempts to man handle our uterus by a resounding defeat. it seems the friends at the state house level have missed the memo. while congressional republicans finally managed to make nice tw the ladies by passing the violence against wo
, estate tax laws, i mean through the up, down and around, so many laws will be affected by this. 1,000 provisions will be affected by this. it's landmark legislation. it will be a landmark decision by this court. >> is that how you see it as well? it may cost the workplace or insurance companies or is it about religion? about core believes in that respect that is at the center piece of this argument. >> some argue that. some say this is a religious issue. as far as the federal courts have been concerned, they have looked strictly at the equal protection clause and looked at government action and whether or not it restricts personal freedom. that's the issue. there are friends of the court for religious organizations saying uphold the law, uphold the law. indeed there will be supporters of that. but at the end of the day, the court has to resolve whether or not personal freedoms are aff t affected by restricting 1,000 federal programs and laws that will be affected with the outcome if it's held unconstitutional. >> let's move on to proposition eight. it was passed by california vot
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